|
Purpose |
To acquire
/construct House/Flat for self accommodation or to take
over housing loan from financial institutions. |
|
Loan Amount |
Max. upto Rs. 15.00 lacs per beneficiary of a dwelling unit. |
| Rate of
Interest |
|
Floating |
| Loans upto
Rs.20 lacs |
11.85% |
| Loans
above Rs.20 lacs |
12.10% |
|
Margin : |
15% to
30% as the case may be |
|
Repayment |
Maximum upto 15 years. |
|
Various Repayment Options : |
Regular/ Stepup/Accelerated. |
| Service
Charges |
0.80% of Loan
Amount
(Exclusive of Stamp Duty for Mortgage). |
| Security: |
Equitable/Registered
mortgage of flat/house. |
